The annual inflation rate in Norway decreased to 3.1 percent in March of 2021 from 3.3 percent in the previous month, and below market forecasts of 3.5 percent. The country remained under lockdown during most part of the month due to the coronavirus pandemic. Prices rose softer for both transports (2.0 percent vs 2.1 percent in February) and housing and utilities (5.7 percent vs 6.4 percent), while food and beverages prices fell (-0.3 percent vs 0.1 percent). Prices continued to increase for furnishing, household equipment and routine maintenance (7.6 vs 7 percent), recreation and culture (4.4 percent vs 3.4 percent). Meantime, prices of clothing dropped (-2.0 percent vs 0.3 percent), while those of alcoholic beverages and tobacco continued to decline (-1.6 percent vs -1.8 percent). On a monthly basis, consumer prices were down 03 percent, reversing from a 0.7 percent rise in February. source: Statistics Norway
Inflation Rate in Norway averaged 4.51 percent from 1950 until 2021, reaching an all time high of 18.90 percent in June of 1951 and a record low of -1.80 percent in January of 2004. This page provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Inflation Rate in Norway is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Norway to stand at 2.60 in 12 months time. In the long-term, the Norway Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.